Interlay

Interlay provides a modular, programmable layer that connects Bitcoin to the multi-chain ecosystem, enabling users to swap, lend, and borrow against their BTC. The platform utilizes a decentralized network of vaults and collateral insurance to issue iBTC, a 1:1 Bitcoin-backed asset for use in decentralized finance applications. Its target market includes Bitcoin holders seeking to earn yield or access liquidity across multiple blockchains without relinquishing private keys.